Business Owner's Advantage - a better coverage experience

The Hanover is committed to partnering with agents to deliver flexible solutions that best fit the needs of small commercial customers. One way we have done it is by building a better BOP. Our Business Owner’s Advantage offering provides expanded coverage that can be added to give you the peace of mind knowing your business is well protected. Review the chart below to determine which endorsement option is right for your business.*

BOP endorsement options

Coverage	Business Owner's Advantage standard endorsement  (Form 821-0001)	Bronze broadening endorsement (Form 821-0002)	Silver broadening endorsement (Form 821-0003)	Gold broadening endorsement (Form 821-0004)	Platinum broadening endorsement (Form 821-0005)
Property coverages
Accounts receivable	$25,000	Included in $200,000 blanket	Included in $300,000 blanket	Included in $400,000 blanket	Included in $500,000 blanket
Advertising expense to regain customers	n/a	$1,000	$2,500	$2,500	$2,500
Appurtenant structures	$50,000	$50,000	$50,000	$50,000	$50,000
Backup or overflow of sewers, drains or sump	n/a	Included in $200,000 blanket	Included in $300,000 blanket	Included in $400,000 blanket	Included in $500,000 blanket
Brands and labels	n/a	Included	Included	Included	Included
Broadened building coverage	Included	Included	Included	Included	Included
Broadened business personal property	Included	Included	Included	Included	Included
Building limit increase	Included	Included	Included	Included	Included
Business income	Actual loss sustained	Actual loss sustained	Actual loss sustained	Actual loss sustained	Actual loss sustained
Business income and extra expense— cloud services	n/a	$2,500	$2,500	$2,500	$2,500
Business income and extra expense— dependent properties	$5,000	$100,000	$100,000	$100,000	$100,000
Business income and extra expense— lease cancellation	n/a	$5,000	$10,000	$10,000	$10,000
Business income and extra expense— transit	n/a	$100,000	$100,000	$100,000	$100,000
Business income and extra expense— websites	n/a	$10,000/7 days	$50,000/7 days	$50,000/7 days	$50,000/7 days
Business personal property off premises (including in transit)	$50,000	$50,000	$100,000	$100,000	included
Business personal property temporarily in portable storage units	$25,000	$25,000	$25,000	$25,000	$25,000
Civil authority	4 weeks / 72-hour waiting period	4 weeks / 72-hour waiting period	4 weeks / 72-hour waiting period	4 weeks / 72-hour waiting period	4 weeks / 72-hour waiting period
Collapse	Included	Included	Included	Included	Included
Commercial tools and equipment	$5,000 $2,500 theft limit per item of “commercial tools and equipment” when away from described premises	$5,000 $2,500 theft limit per item of “commercial tools and equipment” when away from described premises	$5,000 $2,500 theft limit per item of “commercial tools and equipment” when away from described premises	$5,000 $2,500 theft limit per item of “commercial tools and equipment” when away from described premises	$5,000 $2,500 theft limit per item of “commercial tools and equipment” when away from described premises
Computer and funds transfer fraud	$5,000	$10,000	$10,000	$10,000	$10,000
Consequential loss to stock	n/a	Included	Included	Included	Included
Contract penalties	n/a	$25,000	$25,000	$25,000	$25,000
Debris removal	Included	Included in $200,000 blanket	Included in $300,000 blanket	Included in $400,000 blanket	Included in $500,000 blanket
Deferred payments	$5,000	$10,000	$15,000	$20,000	$25,000
Denial of access to premises	n/a	30 days 72-hour waiting period	30 days 72-hour waiting period	30 days 72-hour waiting period	30 days 72-hour waiting period
E-commerce (electronic vandalism and interruption of computer operations)	$20,000	$20,000	$20,000	$25,000	$25,000
Electronic data processing equipment (business income and extra expense and undamaged hardware and software)	$35,000 Includes additional $10,000 for undamaged hardware and software	Included in $200,000 blanket Includes additional $10,000 for undamaged hardware and software	Included in $300,000 blanket Includes additional $10,000 for undamaged hardware and software	Included in $400,000 blanket Includes additional $10,000 for undamaged hardware and software	Included in $500,000 blanket Includes additional $10,000 for undamaged hardware and software
Employee theft including ERISA compliance	$10,000	$10,000	$50,000	$50,000	$100,000
Equipment breakdown	Included	Included	Included	Included	Included
Equipment breakdown— data restoration	$50,000	$50,000	$50,000	$50,000	$50,000
Equipment breakdown— expediting expenses	$50,000	$50,000	$50,000	$50,000	$50,000
Equipment breakdown— fungi, wet rot or dry rot, bacteria	$15,000	$15,000	$15,000	$15,000	$15,000
Equipment breakdown— hazardous substances	$50,000	$50,000	$50,000	$50,000	$50,000
Equipment breakdown— spoilage	$50,000	$50,000	$50,000	$50,000	$50,000
Equipment breakdown— personal property off premises	$50,000	$50,000	$50,000	$50,000	$50,000
Equipment breakdown— public relations	$5,000	$5,000	$5,000	$5,000	$5,000
Equipment breakdown— utility services	Applicable limit of insurance for business income, extra expense, data restoration or spoilage	Applicable limit of insurance for business income, extra expense, data restoration or spoilage	Applicable limit of insurance for business income, extra expense, data restoration or spoilage	Applicable limit of insurance for business income, extra expense, data restoration or spoilage	Applicable limit of insurance for business income, extra expense, data restoration or spoilage
Expediting expenses	n/a	$25,000	$25,000	$25,000	$25,000
Extended business income	60 days	60 days	60 days	60 days	60 days
Extended coverage on property — within 2,000 feet	Included	Included	Included	Included	Included
Extra expense	12 months	12 months	12 months	12 months	12 months
Fine arts	$10,000	$50,000	$50,000	$50,000	$100,000
Fire department service charge	$25,000	Included in $200,000 blanket	Included in $300,000 blanket	Included in $400,000 blanket	Included in $500,000 blanket
Fire protection equipment recharge	$25,000	$25,000	Included	Included	Included
Forgery or alteration	$25,000	$50,000	$50,000	$50,000	$50,000
Foundations and underground pipes	Included	Included	Included	Included	Included
Glass expenses	Included	Included	Included	Included	Included
Hired auto — physical damage	n/a	$50,000	$50,000	$50,000	$50,000
Installation	$5,000	$5,000	$5,000	$5,000	$5,000
International air shipments	n/a	$5,000	$10,000	$10,000	$10,000
Inventory and loss appraisal	$10,000	$25,000	$25,000	$25,000	$25,000
Key replacement and lock repair	$1,000	Included in $200,000 blanket	Included in $300,000 blanket	Included in $400,000 blanket	Included in $500,000 blanket
Lease assessment	n/a	$1,000	$1,500	$2,000	$2,500
Leasehold interest	$10,000	$10,000	$25,000	$25,000	$25,000
Lessor’s tenant move expenses	n/a	$10,000/60 days	$10,000/60 days	$10,000/60 days	$10,000/60 days
Marring and scratching	n/a	Included	Included	Included	Included
Money and securities	$10,000	$10,000	$15,000	$20,000	$25,000
Money orders and counterfeit money	$5,000	$10,000	$25,000	$25,000	$25,000
Newly acquired or constructed property	180 days	180 days	180 days	180 days	180 days
Newly acquired or constructed property — building	$1,000,000	$1,000,000	$1,000,000	$1,000,000	$1,000,000
Newly acquired or constructed property— business income and extra expense	$250,000	$500,000	$500,000	$500,000	$500,000
Newly acquired or constructed property— business personal property	$500,000	$500,000	$500,000	$500,000	$500,000
Non-owned detached trailers	Included	Included	Included	Included	Included
Ordinance or law — loss to undamaged portion of building	Included	Included	Included	Included	Included
Ordinance or law — demolition cost coverage and increased cost of construction coverage	$10,000 or 5% of building limit of insurance, whichever is less	$25,000	$50,000	$50,000	$50,000
Ordinance or law — increased period of restoration	n/a	$10,000	$10,000	$10,000	$10,000
Ordinance or law — tenants improvement extension	n/a	$25,000	$25,000	$50,000	$50,000
Outdoor property	$10,000 $1,000 for any one tree, shrub or plant	$25,000 $2,500 for any one tree, shrub or plant	$25,000 $2,500 for any one tree, shrub or plant	$25,000 $2,500 for any one tree, shrub or plant	$25,000 $2,500 for any one tree, shrub or plant
Personal effects and property of others	$10,000	Included in $200,000 blanket limit Replacement cost	Included in $300,000 blanket limit Replacement cost	Included in $400,000 blanket limit Replacement cost	Included in $500,000 blanket limit Replacement cost
Pollutant cleanup and removal	$25,000 per location	$25,000 per location	$25,000 per location	$25,000 per location	$25,000 per location
Portable electronic devices coverage worldwide	n/a	$10,000	$25,000	$25,000	$25,000
Preservation of property	90 days	90 days	90 days	90 days	90 days
Preservation of property — expense	n/a	$25,000	$25,000	$25,000	$25,000
Rewards	$10,000	$10,000	$10,000	$10,000	$30,000
Sales representative sample	$5,000	$25,000	$25,000	$25,000	$25,000
Soft costs	n/a	$10,000	$10,000	$10,000	$10,000
Spoilage	n/a	$5,000	$25,000	$25,000	$25,000
Temporary relocation of property	n/a	$25,000	$50,000	$50,000	$50,000
Tenant building insurance	$25,000	$25,000	$50,000	$50,000	Included
Tenant insurance — landlord's personal property	$25,000	$25,000	$25,000	$25,000	$25,000
Tenant signs	$5,000	$25,000	$25,000	$25,000	Included
Theft damage to building	Included	Included	Included	Included	Included
Theft of telephonic service	$25,000	$25,000	$25,000	$25,000	$25,000
Theft payment changes	$10,000 for furs $10,000 for jewelry and the like $10,000 for precious metals	$10,000 for furs $10,000 for jewelry and the like $25,000 for precious metals	$10,000 for furs $10,000 for jewelry and the like $25,000 for precious metals	$10,000 for furs $10,000 for jewelry and the like $50,000 for precious metals	$10,000 for furs $10,000 for jewelry and the like $50,000 for precious metals
Unauthorized business credit card use	$5,000	$5,000	$5,000	$10,000	$10,000
Undamaged tenants improvements and betterments	n/a	$5,000	$10,000	$25,000	$50,000
Underground water seepage	n/a	$100,000	$100,000	$100,000	Included
Utility services — business income and extra expense	$5,000	$25,000	$25,000	$50,000	$50,000
Utility services — direct damage	$10,000	$50,000	$50,000	$50,000	Included
Valuable papers and records	$25,000	Included in $200,000 blanket	Included in $300,000 blanket	Included in $400,000 blanket	Included in $500,000 blanket
Voluntary parting	n/a	$5,000	$10,000	$25,000	$50,000
Water damage, other liquids, powder or molten material damage	Included	Included	Included	Included	Included
Windblown debris	n/a	$2,500	$5,000	$10,000	$10,000
Worldwide business personal property off premises	n/a	$50,000	$50,000	$50,000	$50,000
Coverage	Standard	Bronze	Silver	Gold	Platinum
General liability coverages
Aggregate limits of insurance per location	Included	Included	Included	Included	Included
Alienated premises	Included	Included	Included	Included	Included
Additional insured by contract, agreement or permit with completed operations and primary and noncontributory	Included	Included	Included	Included	Included
Automatic additional insured provisions including primary and non-contributory for broad form vendors, co-owner insured premises, controlling interest, mortgagee, assignee, or receiver, grantor of franchise, lessor of leased equipment, manager or lessor of premises	Included	Included	Included	Included	Included
Blanket waiver of subrogation	Included	Included	Included	Included	Included
Broad form property damage — borrowed equipment, customers’ goods, use of elevators	Included	Included	Included	Included	Included
Damage to premises rented to you	$1,000,000 or policy aggregate limit if less than $1,000,000	$1,000,000 or policy aggregate limit if less than $1,000,000	$1,000,000 or policy aggregate limit if less than $1,000,000	$1,000,000 or policy aggregate limit if less than $1,000,000	$1,000,000 or policy aggregate limit if less than $1,000,000
Incidental malpractice — employed nurses, EMTs and paramedics (not applicable to businesses whose primary service includes providing medical or nursing services)	Included	Included	Included	Included	Included
Medical expenses	$5,000	$5,000	$5,000	$5,000	$5,000
Medical expenses — three years to report	Included	Included	Included	Included	Included
Newly acquired or formed organizations up to 180 days	Included	Included	Included	Included	Included
Personal and advertising injury — broad form to include contractual liability and discrimination	Included	Included	Included	Included	Included
Product recall expense	$25,000 per occurrence $50,000 aggregate	$25,000 per occurrence $50,000 aggregate	$25,000 per occurrence $50,000 aggregate	$25,000 per occurrence $50,000 aggregate	$25,000 per occurrence $50,000 aggregate
Supplementary payments — bail bonds	$2,500	$2,500	$2,500	$2,500	$2,500
Supplementary payments — loss of earnings	$500 per day	$500 per day	$500 per day	$500 per day	$500 per day
Unintentional failure to disclose hazards	Included	Included	Included	Included	Included
Unintentional failure to notify/knowledge of an occurrence	Included	Included	Included	Included	Included

*Business Owner's Advantage is not available in FL.